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CNNW Erin Burnett OutFront July 13, 2012

well, good evening, everyone. outfront tonight, losing money, rewarded big time. today, jpmorgan s stock was up like a july firework. surging 6%. in fact, it brought the whole market along. for a friday the 13th surprise. it was the best day for stocks this month. and it doesn t add up. so, jpmorgan shares popped in reaction to the bank announcing that losses from that high-profile trading blunder we ve been talking so much about now top $5.8 billion. now, that $5.8 billion is about three times more than the company said it would lose on this trade just weeks ago. today, the ceo of jpmorgan, jamie dimond, took questions on an earnings conference call, and he said he s earned a lesson. we ve learned a lot. i can tell you this has shaken our company to the core. the truth is no one is sure if other banks have trades like this going on or whether it will happen again at jpmorgan. the truth is, we do not know very much about our banks. jamie dimon didn t know about th ....

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CNNW CNN Newsroom July 13, 2012

it is $5.8 billion and counting. that s how much the nation s biggest bank said it lost so far from a complex trading scheme that was supposed to hedge against risk. the updated figures came in as the ceo jamie dimon personally briefed analysts on second quarter earnings which still managed to beat expectations. team coverage this morning, alison kosik live at the new york stock exchange to explain how this could impact all of our wallets. let s start with felicia taylor. you re at jpmorgan chase headquarters in new york. we have a healthy bank, o do we have a healthy bank i guess judging by overall earnings? reporter: actually, we do. the point is let s look at the numbers and what we know now as a result of that risky trade. as you mentioned, a $5.8 billion loss. nevertheless, the company was able to absorb the losses and make $5 billion in the second quarter. so when you talk about the health of the bank, no question about it, they had earnings that outpaced expect ....

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CNNW World Business Today March 8, 2012

from the besieged arab red crescent. western diplomats say that iran is trying to clean up something at its military base. inspectors believe the site may have been used to test triggers for nuclear bombs. this is what a solar flair looks like up close. the flair erupted and was captured by scientists in this dramatic video by nasa. we should be feeling its effects today as radiation distorts the magnetic field possibly disrupting the gps signals. those are the headlines from cnn. i m juanita raj paul. world business today starts now. good morning from cnn london, i m nina dos santos. and a very good afternoon from cnn hong kong, i m andrew stevens. welcome to world business today. the top stories this thursday, a boom town in the midst of devastation. we ll tell you about a japanese city doing brisk business as its neighbors struggle to rebuild. the deadline for the greek debt swap is fast approaching. the signs so far are good as people sign up to push t ....

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CNNW World Business Today February 15, 2012

reporting that the materials used in the bombs that went off on tuesday are similar to those that went off in attacks against diplomat diploma diplomats. bangkok says an iranian man threw grenades as he tried to flee only injuring themselves. he is facing criminal charges. the iranian government denies any link to the bombings. china s presumptive leader in waiting says he wants the u.s. and china to work together to find a better trade balance. xi jinping met with president obama in washington. he is expected to succeed hu jintao as china s president next year. world business today starts right now. good morning from cnn london. welcome to world business today. greece gets a slap on the wrist. the government still hasn t done enough to qualify for a new multibillion dollar bailout. the debt crisis dampens s europe s largest economy, germany. france is still expected to grow in the fourth quarter. and why twitter won t be going towards an ipo. supposing you ....

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CNNW World Business Today August 18, 2011

to be the first cherished moments together. a newlywed s holiday was turned into horror off of coast of the seychelles island. i m zain vergee, world business today starts now. good morning from cnn london, i m nina dos santos. and a very good afternoon from the cnn hong kong, i m andrew stevens. you re watching world business today, the top stories this thursday, august 18. foster s knocks back a second big bid from sabmiller. is there any more growth to be squeezed from the aussie beer market. against a backdrop of slowing growth and crippling debt, u.s. vice president joe biden visits the biggest creditor. and you can call it anti-branding. why abercrombie and fitch is willing to pay one tv star not to wear its clothes. we re one hour into the trading day here in europe. let s have a look at how the markets are faring. this is the picture across the board. some of the markets down well in excess of 1.5%. the dax on its way to being down 2% lower on th ....

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